It would stand to reason that the seller would think that because they're agreeing to carry the loan that they would then ask in return that the buyer won't try to renegotiate the sale price, but perhaps that's short-sighted thinking?

(The higher the better.)Debt Service coverate ratio = Annual net operating income divide by annual principle and interest payments (mortgage payment).

Fall back would be annual rentals.Currently (2) 2/1 and (1) 1/1 - 1,903 sqft no pool official triplex home total monthly expenses with management fee 5,710.As a STRInvestment Summary & Cash flow Payback period (years) 6.75Debt Coverage Ratio -0.51Cap Rate 9.40%Cash on Cash Return 14.82%Monthly Cash Flow $1,482 Yearly Cash Flow $17,782As Annual (self manage)Annual Gross Operating Income $57,000.00 Annual Gross Operating Expenses $5,950.00 Annual NOI $51,050.00 Annual Loan Payments $35,934.91 Monthly Cash Flow $1,259.59 Annual Cash Flow Before Tax $15,115.09 Principle Reduction In First Year $5,493.58 Appreciation in First Year $12,000.00 Cap Rate 8.51Cash On Cash Return 12.60 Returns With Principal and Appreciation Added COC Return W/Principle added 17.17%COC Return W/Appreciation added 22.60%COC Return W/Principle + Appreciation 27.17%

It’s an impressive home, with incredible architecture, valued sight unseen at over 2 million.

Even here on this sight should give you a better idea of what folks who at actual lenders are doing.

It will all depend on what you find once you see the inside, but sight unseen I would have used a higher number.  

If your equity has lost its energy that's worse than a high interest rate because you're ,missing out on acquiring more properties that will end up earning you more appreciation, tax incentives, and bring you more tenants that pay down your principle.

BRRRR principles.

The reasons are: rental prices are so much lower than what the monthly principle + HOA would be, the market is a bit unstable where I'm located, I can't find anything worth putting an offer on that doesn't require some sort of reno and that's just not what I want to do right now.

Alright thank you for that but how would I find these off market properties like what are good sights that you would recommend to find these properties